Sunday, November 7, 2010

US President Barack Obama announces $10bn India deals !!

US President Barack Obama has announced $10bn (£6.2bn) in new trade deals with India.

He was speaking in Mumbai at the start of a 10-day Asian tour designed to boost US exports and create jobs.

Obama also announced an easing of US export controls and rejected caricatures of India as a nation of "call centres."

Visiting the scene of the 2008 attacks in Mumbai, he said India and the US were united against terrorism.

"We will never forget," he said at a memorial to victims of the attack by Islamic militants.

The outdoor memorial is a fountain with floating flowers just off the lobby of the Taj Mahal Palace hotel, where he and his wife are staying as guests.

He described the hotel as a symbol of India's "strength and resilience". He also wrote in a memorial book: "The United States stands in solidarity with all of Mumbai and all of India in working to eradicate the scourge of terrorism."

More than 170 people died in a series of co-ordinated attacks across the city in November 2008.
Big contracts

The White House said the deals for new export business with India would help to support around 54,000 jobs in the United States.

source: http://www.bbc.co.uk/news/world-south-asia-11703626

No comments:

Post a Comment